The LPG policy helped India to overcome its debt crisis in 1991 and access global markets. The policy included liberalisation which aimed to remove all restrictions that hindered growth and development. The industrial sector is a testament to that with the abolition of the License Raj streamlRead more
The LPG policy helped India to overcome its debt crisis in 1991 and access global markets. The policy included liberalisation which aimed to remove all restrictions that hindered growth and development. The industrial sector is a testament to that with the abolition of the License Raj streamlining the bureaucracy and allowing private sector participation thereby attracting multi-national investment. Furthermore, tax reforms including reduced corporate taxes and simplified filing procedures further fueled the incentive to invest.
Globalisation enabled India to become an outsourcing hub for multi-national companies. The combination of low wages coupled with the availability of skilled manpower in India attracted investment and led to a rise in employment especially in the service sector. This is because a rise in India’s productivity was mainly evident in the service sector encountering rapid growth from from 6.7 percent in 1980-1991 to a whopping 10 percent in 2007-2012.
However, the introduction of globalization resulted in the agricultural sector and industrial sector experiencing slow growth as a result of production shifting to the foreign market with demand following suit. Cheaper imports diminished demand for domestic goods causing domestic firms to close and employment to decline. While the LPG policy was effective in raising productivity in the service sector, employment, and attracting investment, the policy failed to do so in the agricultural sector and was criticized for widening the gap between the rich and the poor.
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The concept of feminism is often misinterpreted as women superiority or as a notion which is against men but the true and real meaning of the word is "gender equality". Feminism can also be associated with women upliftment but that's just because women needs to be uplifted after centuries ofRead more
The concept of feminism is often misinterpreted as women superiority or as a notion which is against men but the true and real meaning of the word is “gender equality”. Feminism can also be associated with women upliftment but that’s just because women needs to be uplifted after centuries of being suppressed. To answer your question yes feminism has been misused but every single MOVEMENT ever started in history has drawbacks and its for us to decide if the drawbacks are worth the notion. We hear on news or read in newspapers or come across headlines while scrolling social media which say something like “FALSE CASES OF RAPE ON RISE” or ” WOMEN PLAYING THE VICTIM CARD” and this is a huge problem, women playing the victim card but this problem can be tackles strategically. One of the most important thing that needs change is establishing laws protecting men and transgender people from sexual harassment and rape. Every single person deserves to feel safe regardless of their sexual identity. Government should start women safe busses especially at night so that equality in workplace can be established. Misuse or not Feminism as a concept is very important for us to move towards a more egalitarian society.
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